DOWNTOWN JAX THE RESIDENTS AT CITY PLACE RETAIL | 311 W ASHLEY ST. JACKSONVILLE, FL. 32202

AVAILABILITYSALE OFFERING

Prime Realty is pleased to exclusively represent

retail for sale at 311 Ashley Street. This retail is

located on the ground floor of Residences at

City Place; a 17-story, 99,998 SF and 205-unit

Hi-Rise apartment complex in Downtown

Jacksonville.

City Place is just two blocks away from the

future court house and steps away from all

major buildings and downtown locations.

SALE OFFERING SUMMARY

SALE PRICE: $395,000

INCLUDES: 3 RETAIL UNITS

COMBINED SIZE: 1,932 SF

YEAR BUILT: 1949

RENOVATED: 1965

ZONING: CCG-1

FLOOR: GROUND LEVEL

MARKET: JACKSONVILLE

SUB-MARKET: DOWNTOWN

*Unit #1, #2, #3 are fully leased.

(lease details on next page)

UNIT #1, #2, #3

1,932 SFLEASED

AVAILABILITY THE RESIDENTS AT CITY PLACE RETAIL | 311 W ASHLEY ST. JACKSONVILLE, FL. 32202

AVAILABILITY

Nestled between skyscrapers and the St.

Johns River, Downtown Jacksonville’s North

and South banks have an urban vibe with a

cool atmosphere. Fortune 500 companies

call the city’s core home. During the week,

thousands of professionals and visitors fill

the streets enjoying unique lunch and dining

destinations, world-class museums, and a

variety of nightlife options, from casual bars

to upscale lounges.

LEASE DETAILS

***FULLY LEASED

LEASE RATE: $3,300 / MONTH

SALE TAX: 7%

Unit #: #1, #2, #3

TOTAL SIZE: 1,932 SF

ZONED: CCG-1

FLOOR: GROUND LEVEL

MARKET: JACKSONVILLE

SUB-MARKET: DOWNTOWN

AVAILABILITY THE RESIDENTS AT CITY PLACE RETAIL | 311 W ASHLEY ST. JACKSONVILLE, FL. 32202

205 CONDO UNITS

& 17 FLOORS

1ST FLOOR RETAIL

FOR SALE & LEASE

LIVE PLAY CREATE THE RESIDENTS AT CITY PLACE RETAIL | 311 W ASHLEY ST. JACKSONVILLE, FL. 32202

THE RETAILERS OF DOWNTOWN JACKSONVILLE

NEARBY RETAILERS THE RESIDENTS AT CITY PLACE RETAIL | 311 W ASHLEY ST. JACKSONVILLE, FL. 32202

DOWNTOWN

SPRINGFIELD

Steps away from vibrant artwork, artisanal eateries,

and unique retailers.

RIVERSIDE

BE AT THE CENTER THE RESIDENTS AT CITY PLACE RETAIL | 311 W ASHLEY ST. JACKSONVILLE, FL. 32202

Fortune 500 in JAX: CSX Corporation, Fidelity National Financial, +

FIS. 20 major financial service firms on Forbes Global List with

operations in JAX.

POPULATIONIN DOWNTOWN JAX

9,000residents

36% of the population is

under 45 years of age

4,842existing housing units

57%annual household

income in $80k+

GROWTHIN DOWNTOWN JAX

1.4 MILLIONsquare feet of

office space proposed

266%population growth

rated best city for

young professionals#2fastest growing

Port in the U.S.

is JAXPORT

4 th

3

141

#4

best city

to start a

business

best city for

job seekers in 2019

#5 best city for

millennials

#16 fastest growing city

in America

#2 up-and-coming city

in America

largest city by land mass (875 miles) in

the United States + ranks 13th most

populous city

st th

JACKSONVILLE

5-MINUTE

DRIVE10-MINUTE

DRIVE15-MINUTE

DRIVE

POPULATION 14,486 101,047 276,985

WORKPLACE EMPLOYEES 64,516 198,225 401,560

AVERAGE HH

INCOME$54,866 $59,569 $65,230

2023 PROJECTED

HOUSEHOLDS4,882 43,515 117,377

DEMOGRAPHICSDOWNTOWN JACKSONVILLE

DOWNTOWN RETAIL THE RESIDENTS AT CITY PLACE RETAIL | 311 W ASHLEY ST. JACKSONVILLE, FL. 32202

RENOVATION OF AMBASSADOR HOTELDowntown’s Ambassador Hotel soon will become a 127-room La Quinta Inns & Suites hotel, pending

approval of building-permit plans for a $6 million renovation. The deal also involves demolishing a

former bank building next door for construction of 220 apartments at 404 N. Julia St.

RENOVATION OF BARNETT BUILDING APARTMENTSConstruction began in 2017 to transformed this 1926 bank into a mixed-use building, with 107

apartment units to occupy the eighth to 18th floors. The other floors will be mixed-use businesses.

PLANNED RETAIL & PARKING GARAGEA planned six-level parking garage with 685 parking spaces will provide parking for the Barnett building

and the Laura Street Trio once the restoration of the buildings is complete. The project includes almost

7,900 square feet of retail that will front Laura Street. No retail partners have been named.

DEVELOPMENTSIN DOWNTOWN JACKSONVILLE

LAURA STREET

"As of today Jacksonville’s downtown district has an

11.3% vacancy rate, 4,300 residents and $3.5 billion in

actual or proposed investments since 2016."

Jake Gordon

CEO of Downtown Vision Inc.

DOWNTOWN DEVELOPMENTS THE RESIDENTS AT CITY PLACE RETAIL | 311 W ASHLEY ST. JACKSONVILLE, FL. 32202

The destination and point for a dense workplace population.

Nestled between skyscrapers and the St. Johns River,

Downtown Jacksonville’s North and South banks have an

urban vibe with a cool atmosphere. Fortune 500 companies

call the city’s core home. During the week, thousands of

professionals and visitors fill the streets enjoying unique lunch

and dining destinations, world-class museums, and a variety

of nightlife options, from casual bars to upscale lounges.

Major employers include:

Business Employees

▪ Baptist Health 10,500

▪ Bank of America Merrill Lynch 8,000

▪ Florida Blue 7,000

▪ Mayo Clinic 6,000

▪ St. Vincent’s Riverside 3,000

▪ Black Knight Financial 2,400

▪ TIAA Bank 2,000

▪ Wells Fargo 3,500

▪ CSX Corporation 1,500

▪ Fidelity National Financial 500

▪ FIS 1,200

DOWNTOWN JACKSONVILLEMAJOR EMPLOYERS

MAJOR EMPLOYERS THE RESIDENTS AT CITY PLACE RETAIL | 311 W ASHLEY ST. JACKSONVILLE, FL. 32202

SOUTHBANK

RIVERWALK

FRIENDSHIP

FOUNTAIN

BEACHES

TOWN CENTER

CUMMER

MUSEUM

TIAA BANK

FIELD

JAXPORT

DOWNTOWN

JACKSONVILLE

THE BEST OF JACKSONVILLE THE RESIDENTS AT CITY PLACE RETAIL | 311 W ASHLEY ST. JACKSONVILLE, FL. 32202

TOP GOLF MOCA

JACKSONVILLE

SAN MARCO

MEMORIAL

PARK

NOCATEE RIVERSIDE

RIVER & POST

BROOKLYN

JACKSONVILLE

THE BEST OF JACKSONVILLE THE RESIDENTS AT CITY PLACE RETAIL | 311 W ASHLEY ST. JACKSONVILLE, FL. 32202

Prime Realty is the premier commercial real estate brokerage firm in Jacksonville, FL. We

service our clients with office, industrial, multi-family and retail property needs.

Prime Realty is a full-service team servicing developers, owners, and investors

throughout Florida and Georgia. We create value for our clients through our superior process

for selecting, developing, managing and marketing commercial real estate.

Our goal is to achieve the greatest return on the real estate assets it services. What

separates Prime Realty from the average real estate firm is our proven system for success and

commitment to operational excellence.

At Prime Realty, our expertise is unparalleled. We're comprised of distinguished leaders

and innovators from many sectors of the commercial real estate industry who continue to

contribute to the Northeast Florida real estate landscape.

Karen Hong

Vice President

904.930.4015khong@primerealtyinc.com

ABOUT

PRIME REALTY